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Condensed Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 35,622 $ 124,968
Short-term investments 417,481 406,752
Accounts receivable, net 19,669 13,876
Inventory 6,543 3,321
Prepaid expenses and other current assets 15,113 13,413
Total current assets 494,428 562,330
Property and equipment, net 2,317 2,285
Operating lease right-of-use asset 2,499 2,422
Intangible assets, net 19,610 15,630
Deposits and other long-term assets 183 121
Total assets 519,037 582,788
Current Liabilities:    
Accounts payable 5,090 3,262
Accrued expenses and other current liabilities 44,131 68,625
Current portion of deferred revenue 1,847 1,554
Current portion of operating lease liabilities 153 10
Total current liabilities 51,221 73,451
Long-term portion of deferred revenue 3,371 3,233
Long-term portion of operating lease liabilities 2,850 2,592
Other long-term liability 761 761
Total liabilities 58,203 80,037
Commitments and contingencies (Note 8)
Stockholders' equity    
Common stock, $0.0001 par value; 500,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 102,431,933 and 101,116,162 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 10 10
Additional paid-in-capital 1,081,315 1,056,738
Accumulated other comprehensive (loss) income (92) 84
Accumulated deficit (620,399) (554,081)
Total stockholders' equity 460,834 502,751
Total liabilities and stockholders' equity $ 519,037 $ 582,788